Tuesday, July 25, 2006

McGraw-Hill Chief Sees Froth in Deal Wave

In the market for acquisitions, how does one company compete with the billions of dollars being deployed by packs of private equity funds? One possibility: You don’t. That seems to be the philosophy of Terry McGraw, the chairman, president, and chief executive of publisher McGraw-Hill, who offered an unusually frank assessment of the mergers and acquisitions environment on an earnings conference call on Tuesday.

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